This requires some more concrete analysis. EDHEC makes sense if your French is weak or if you have weaker connections in France and need stronger career services. EMlyon makes sense if your French is excellent or if you need to improve on digital skills. Both schools serve different industries: EDHEC is very strong with luxe, and EMLyon is strong with biotech, for example. LinkedIn analysis can show you that. See:
https://www.find-mba.com/board/33571 Broadly speaking, if you don't speak French well now, I would recommend an intensive year-long French course at a state university rather than an MSc taught in English. See:
https://www.find-mba.com/board/34713 Maybe also try this sort of analysis:
https://find-mba.com/board/general-forum/best-msc-mim-degrees-for-international-students-placement-52915 Other things being equal, I would pick Lyon over Paris or Lille as a location. This programme comes to mind
https://www.esdes.fr/en/welcome/programs/master-marketing-digital-business/ EDHEC's rise isn't really a jump: that's a long, steady rise since it bought Theseus 20 years ago. See
https://find-mba.com/board/europe/i-visited-edhec-29708 Clearly, the huge financial advantage EDHEC created by the sale of its risk IP has created a long-term advantage that EMLyon won't overtake.